USD/CAD Struggling In HFT Sell Zone!

FX Trading Revolution Team FX Trading Revolution

We are analyzing the activity of HFT algorithms in the Fx market today and note that the USDCAD currency pair may be near to reaching a top for the day.

USDCAD has now reached the light HFT selling pressure zone, which is noted at 1.3248 and above for the current day-trading session. The bullish attempt got stopped here, and the price is struggling to advance higher.

A possible reversal could materialize here today and send USDCAD lower. The light HFT buying pressure zone today is noted at 1.3202 and below.

Interested in USD/CAD technicals? Check out the key levels

Sell 29%

Buy 71%

Avg Sell Price 1.3236

Avg Buy Price 1.3241

Liquidity Distribution

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FX Trading Revolution Team

FX Trading Revolution

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